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Isiklar Coin

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Discover Isiklar Coin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Isiklar Coin?

Isiklar Coin (ISIKC) is a blockchain-based loyalty cryptocurrency developed by Isiklar Holding, a multimillion-dollar publicly listed company in Turkey. It operates on the Ethereum network as an ERC20 token and is designed to provide a transparent and uniform loyalty solution for partners and dealers in the construction materials market. The coin is earned through transactions with the Isiklar Group and rewards holders with discounts on purchased materials based on their coin holdings.

How is Isiklar Coin used?

Isiklar Coin (ISIKC) is a cryptocurrency designed to facilitate a customer loyalty program for Isiklar Holding, a multimillion-dollar public listed company in Turkey. The ISIKC platform is built on blockchain technology, which ensures transparency and trust in transactions.

The coin operates under the symbol ISKIC and is an ERC20 Ethereum-based token. Partners and dealers conducting transactions with the Isiklar Group earn these coins every time they order goods and services. The coins can be redeemed for discounts on purchased materials, providing a uniform and transparent loyalty solution based on the volume of business generated rather than the duration of association with the company.

How do I store Isiklar Coin?

You can store your Isiklar Coin (ISIKC) tokens in several ways:

  1. Custodial Wallet on a Cryptocurrency Exchange: You can store your ISIKC tokens in the custodial wallet of a cryptocurrency exchange, such as KuCoin, without having to manage your private keys.

  2. Atomic Wallet: Atomic Wallet is a trusted option, used by 5 million users worldwide, where you can manage your ISIKC tokens along with other cryptocurrencies like Ethereum, XRP, Litecoin, and XLM.

  3. MetaMask: You can also add ISIKC to MetaMask by importing the token's contract address (0x42726d074bba68ccc15200442b72afa2d495a783) manually or with one click if you have the MetaMask Chrome extension installed.

How to buy Isiklar Coin?

To buy Isiklar Coin (ISIKC) tokens, you can follow these steps:

  1. Find a Reliable Centralized Exchange: Look for a trustworthy centralized exchange where you can purchase Isiklar Coin. Popular exchanges include LBank, Binance, and Bitrue.

  2. Choose the Trading Pair: Select the desired trading pair for ISIKC, such as ISIKC/USDT or ISIKC/ETH.

  3. Create an Account and Deposit Funds: Register on the chosen exchange, deposit the necessary funds, and then use them to buy ISIKC tokens.

  1. Add ISIKC to MetaMask (Optional): If you want to view your token holdings, trade on decentralized exchanges, or perform other actions, you can add ISIKC to MetaMask by importing its contract address (0x42726d074bba68ccc15200442b72afa2d495a783).

By following these steps, you can acquire Isiklar Coin tokens.

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History of Isiklar Coin

Isiklar Coin (ISIKC) is a blockchain-based loyalty cryptocurrency developed by Isiklar Holding, a multimillion-dollar publicly listed company in Turkey that operates in the construction materials business. The company was founded by Turgut Isık, who established various factories and companies between 1952 and 1981, including the Bartın Brick factory, Baksan Bartın paper sack, Bartın Lime, and Cumra Paper Bags Factory. He also founded Isıklar Maritime Group and entered the construction and contracting sectors through Ozısık Construction and Genta Engineering Co.

Turgut Isık passed away in 1990, but his family continued his legacy. In 1991, they established a foundation for health and education in line with his goals. In 2019, Isiklar Holding decided to move forward with blockchain technology and created Isiklar Coin (ISIKC) through the Bulgarian-based company Isiklar Coin Bulgaria LTD. This ERC20 Ethereum-based token aims to create a universal customer loyalty program, offering discounts to partners and dealers based on their ISIKC coin holdings.

The ISIKC platform uses smart contracts to ensure secure and transparent transactions, eliminating fraudulent practices such as click fraud. The token mechanism is designed to be compatible with the Ethereum wallet and other contracts using the same standard. The white paper outlines the mission, problems, and solutions for the ISIKC network, including its roadmap, token distribution, and team.

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How Isiklar Coin works

Isiklar Coin (ISIKC) is a decentralized customer loyalty program built on the Ethereum blockchain. It operates as an ERC20 token, which means it is compatible with Ethereum wallets and other contracts that use the same standard. The core idea behind ISIKC is to create a transparent and secure loyalty program for partners and suppliers of Isiklar Holding, a Turkish multimillion-dollar public listed company.

Smart Contracts

ISIKC utilizes smart contracts to facilitate transactions. Smart contracts are self-executing agreements written in code, ensuring trusted and traceable transactions without the need for a central authority. This technology allows for transparent and irreversible transactions, reducing the risk of fraudulent practices such as click fraud.

Ecosystem

The ISIKC ecosystem is designed to reward partners and dealers for their transactions with Isiklar Group. Every time they order goods and services, they earn ISIKC coins. These coins can be redeemed for discounts on purchased materials, providing a uniform and transparent loyalty solution.

Token Mechanism

The token mechanism is based on the Ethereum blockchain, ensuring compatibility with Ethereum wallets and other contracts that use the same standard. This allows for seamless integration and ease of use within the Ethereum ecosystem.

How it Works

In summary, ISIKC works by:

  1. Partners and Dealers: Conduct transactions with Isiklar Group.
  2. Earning Coins: Receive ISIKC coins for each transaction.
  3. Redemption: Redeem coins for discounts on purchased materials.

This decentralized loyalty program aims to provide a secure, transparent, and rewarding experience for Isiklar Group's partners and suppliers.

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Isiklar Coin's strengths

The token Isiklar Coin (ISIKC) has several strengths that make it an attractive investment opportunity:

  1. Decentralized Customer Loyalty Program: ISIKC is a blockchain-based customer loyalty program that uses smart contracts to create secure and indisputable transactions. This ensures a trustless system where both merchants and dealers have complete trust in the transactions, eliminating fraudulent practices such as click fraud.

  2. Security: The platform utilizes formal verification, which uses mathematical proof to detect whether smart contracts have executed correctly and without errors. Additionally, the Ethereum blockchain provides a decentralized and distributed digital ledger that records transactions across many computers, making it difficult to alter records retroactively.

  3. Scalability: The ISIKC network has its own shard and transaction history, which improves the number of transactions per second exponentially. This scalability allows ISIKC to connect with other shards and subchains on other networks, enhancing its overall performance.

  1. Easy to Use: The ISIKC mobile and web applications enable users to manage funds and transactions in a safe and secure manner. The platform also does not enforce a minimum deposit contribution, making it accessible to investors of all sizes.

  2. Established Company Background: ISIKC is backed by Isiklar Holding, a multimillion-dollar public listed company in Turkey with a history of more than 50 years in the construction materials business. This established company background lends credibility to the project.

  3. ERC20 Compatibility: ISIKC is an ERC20 digital token in the Ethereum ecosystem, making it compatible with the Ethereum wallet and other contracts that use the same standard. This compatibility ensures seamless integration with existing Ethereum-based infrastructure.

These strengths position ISIKC as a robust and reliable investment opportunity in the cryptocurrency market.

Isiklar Coin's risks

Isiklar Coin (ISIKC) carries several financial risks that investors should be aware of. One significant risk is the high volatility of its price, which can lead to significant losses if not managed properly. The token's value can fluctuate rapidly due to market conditions, economic instability, and changes in trading volume and market capitalization.

Another risk is the potential for market manipulation. InvestorsObserver has given ISIKC a high risk assessment in the past, indicating that the token's price can be easily influenced by limited trading activity. This means that a small amount of money can significantly impact the price, making it vulnerable to manipulation.

Additionally, the token's market capitalization and trading volume can be subject to significant changes, further increasing the risk of investment. The token's total supply, circulating supply, and maximum supply can also impact its value and liquidity.

Furthermore, the whitepaper for Isiklar Coin contains forward-looking statements that are subject to significant risks and uncertainties. These statements are based on assumptions and estimates, and actual results may differ materially from those expressed in the whitepaper.

Investors should also be cautious of the lack of guarantees or rights associated with owning ISIKC Coins. The whitepaper explicitly states that owners of ISIKC Coins are not entitled to any rights in Isiklar Coin Bulgaria LTD or any of its affiliates, including equity, shares, or returns on investment.

Overall, investing in Isiklar Coin carries a range of financial risks that investors should carefully consider before making a decision. It is essential to consult with professional advisors and conduct thorough research before investing in this cryptocurrency.

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Isiklar Coin's ecosystem

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Isiklar Coin’s team

  • CEO: Nikolay Momchilov, with a degree from Sofia University and Bulgarian citizenship.
  • CFO: Yaman Parar, holding a BA from Bosphorus University and serving as CFO of Isiklar Holding.
  • CBDO: Volkan Girisken, with a BS from Bosphorus University and also from Isiklar Holding.
  • Legal Advisor: Hale Demirman, an attorney at law and a member of the Istanbul Bar.

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